On September 13, 2020, the Government of British Columbia (Government) announced regulatory changes (Regulations) to address rising strata insurance costs in British Columbia. These changes follow the ...
Strata fees to skyrocket across B.C. As the cost of building insurance rises across the province, increased costs are expected to trickle down to strata fees.
Some strata corporations renewing their insurance policies may be surprised to encounter lower premiums, especially in light of high building replacement costs and tariffs. One prominent strata ...
Strata corporations are required to maintain director and officer (D&O) liability insurance to insure against allegations of wrongful conduct on the part of strata council and/or the property manager.
Hidden fees, conflicts of interest, over-charging and side deals. For many years lead reporter Linton Besser had heard from owners and advocates concerned about strata schemes. With three million ...
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When we tried renewing our homeowner insurance in January, our insurance broker told us the strata report on insurance was incorrect. Under the Strata Property Act, the strata corporation must provide ...
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